Laura Lenington
Looking for EXTRA CREATIVE ideas on a seller financing deal
Hello. I am working with a seller who has said they are willing to seller finance my partners and I on an 8 unit deal in the Saint Louis area. We have come to terms on purchase price, interest rate, loan term, etc.;...
Jaxx Baxter
Aspiring St George Investor
Hi I'm new to the real estate game but I'm super excited to get into it. I've got 20-25k to put down on a property and would really like to get into a duplex or something very similar to that. I'm 21 years old and act...
Bobby Andrews
Deductions for non-REPS
Hey everyone - first post here but have done a lot of research and reading. Hoping I can get some guidance with my question!I own a 3 unit commercial building that generates about $50K/year in net revenue. I'm self em...
Mike Bonadies
Addendum for keeping the same lease but changing the unit
Hi BP Forums,I have an interesting scenario for my first property that I hope someone has experience with. Ultimately I am looking for an addendum that states something to the effect of: "The Tenant has agreed to chan...
Account Closed
Is Cold Calling still a good tool?
Hi! I was in commercial sales and then oversaw a Multifamily investment portfolio of 700 units across 75 properties 100 mill in value. I did everything (oversaw building renovations, legal battles, dealing with invest...
Mark Douglas
When to use hard money for down payment source?
If private lending (immediate network of family/close friends) isn't an option, would the next step be a hard money lender? I only need it for the 20% down payment, not to finance the full asset, an 8 unit apt. Is i...
Alton Williams
Is the day of buying a property with no skin in the game dead?
I'm a fairly new investor and my father is a bit of a seasoned real estate professional that remembers the days of lenders loaning money to anyone with a pulse (and even some without a pulse). He continues to tell ...
Yasmin Mohamed
Can I use a loan to pay for down payment for a FHA Mortgage
Hello,
I want to get my first multi-family home using an FHA Mortgage. I don’t have cash but I know I can get approved for a line of credit that would cover my down payment. Would the bank consider me a risky lender...
Joel Owens
Roof rain pan and glass install
I received a quote which I feel is very high.This is even after I told the company that I do not pay retail.
On one of my chimneys there is a rusted out rain pan for the chimney top.I had the roof guy take pictures t...
Ben W.
Second Lien Position
Hi, do commercial lenders generally allow the seller to carry back in second position the 25% not financed by the lender (to effectively create a purchase with no money down for buyer)?